Re: FRS, I didn't file a return during the 'issue' period' but now doing it for Q3. My QB return is showing standard vat. How do I get back to 12% FRS please?
Hi, thanks for your help.
I'm looking in 'taxes' on the 'prepare a return' and 'view summary' report. Although it says 12% FRS, the figures included are for total sales without vat, and the vat due to be paid is worked out at 20% of that. On previous returns this has shown the adjusted for FRS figures before I submit it (total sales inc. vat and 12% of that as the amount due).
It's best if we can have visuals on your reports and your data, so we can see how the calculations go. Please reach out to our Chat or Phone support to check this further. They have the tools to see your setup.
Log in to your QuickBooks Online account.
Go to the Help menu and then select Contact us.
Enter a brief description of your concern and click Continue.
Choose from Chat or Get a callback.
Fill in the necessary information and click Confirm call.